The new alimony law – effective as of January 1, 2019 – has effectively taken the longstanding alimony tax deduction and thrown it into the proverbial trash. Should you be worried?
Taxes and Divorce
With issues such as spousal support, child support and child custody now being a part of your life, it’s important to be prepared before filing taxes after divorce. Tax day is almost here. If you have recently gone through a divorce, you may or may not have thought about how it will affect your financial […]
Dealing with U.S. taxes can be stressful; dealing with divorce and taxes can be excruciating. If you’re going through a divorce this tax season, follow these tips on filing status, alimony, and child support.
The new tax law in the USA will have an affect on your overall divorce settlement agreement and your taxes post-divorce. By now I’m sure that you’ve heard President Donald Trump signed a new tax law into effect back on December 22, 2017 that is sure to have big implications for just about everyone. While many of […]
Don’t go through divorce alone: build a divorce team! Here are a few professionals that should be playing and not warming the bench.
During and after divorce, an experienced financial planner can help to ensure that your financial settlement will work for you – both now and in the future.
When negotiating a settlement for a client going through divorce proceedings, creating a trust for a soon-to-be ex-spouse is usually the furthest thing from a client’s mind. Why would you create something that, on its face, seems to benefit your ex-spouse? Reasons Why Trusts Are Often Not Used in a Divorce The use of trusts […]
As a financial advisor, I do a lot of networking – casually meeting people at various events and learning about who they are and what they do, while also sharing my own experiences. When I explain that I specialize in financial planning for individuals who are going through a divorce, most often I see a […]
As a divorce attorney or family law attorney, it is sometimes interesting to hear what people think you actually do. For instance, someone once said to me, “I don’t see what’s so difficult about what you guys do. All you do is divide everything in half.” Division of assets and debts may sound easy, but […]
While a divorce can greatly affect you emotionally, it can also impact you financially. As you go through the divorce process, remember that the decisions you make now will have long-term effects on your future. As a Certified Divorce Financial Analyst (CDFA), I’ve seen people make numerous mistakes as they went through a divorce, especially when […]